MTY Food Group reported a sharp rise in Q2 2025 net income to C$57.3M, supported by strong Canadian sales and strategic initiatives to offset U.S. softness. Adjusted EBITDA fell 5%.
Aker Solutions posts solid Q2; Reaffirms full-year outlook as order backlog climbs
OSLO: Norwegian engineering company Aker Solutions reported a strong second quarter performance on Thursday, backed by high project activity and continued momentum in its core markets. Second-quarter revenue rose to NOK 15.2 billion ($1.43 billion), up from NOK 12.8 billion in the same period last year, as the company executed key milestones including installation of…
DNB Boligkreditt reports strong Q2 profit on higher lending spreads
OSLO: DNB Boligkreditt AS, the covered bond subsidiary of DNB Bank ASA, posted a second-quarter profit of NOK 918 million, a substantial rise from NOK 592 million in the same period last year, driven by stronger net interest income and expanded lending volumes. Total income for the quarter reached NOK 1.49 billion, up from NOK…
DNB posts NOK 10.4 billion profit in Q2 despite global uncertainty
OSLO: DNB Bank ASA reported a second-quarter post-tax profit of NOK 10.4 billion ($980 million), down 3% from NOK 10.8 billion a year earlier, as strong growth across customer segments offset the impact of increased operating expenses and macroeconomic uncertainty. Pre-tax operating profit before impairment stood at NOK 13.8 billion, slightly below NOK 14.1 billion…
Biophytis SA narrows losses but warns of cash shortfall beyond September 2025
PARIS: Clinical-stage biotech Biophytis SA (Euronext Growth: ALBPS) reported significantly reduced losses for 2024 and outlined ambitious clinical plans for obesity and sarcopenia treatments, while flagging a critical funding gap threatening its operations beyond Q3 2025. The company’s net loss shrank to €10.4 million in 2024, down sharply from €17.0 million in 2023, driven by…
Polar Capital Technology Trust posts modest NAV growth amid volatile fiscal year
LONDON: Polar Capital Technology Trust PLC (PCT.L) reported a 3.1% rise in net asset value (NAV) per share to 325.20 pence for the financial year ending April 30, 2025, up from 315.41 pence a year earlier. The trust’s total net assets reached £3.80 billion, reflecting resilience despite geopolitical turbulence and sharp market swings driven by…
Pacific Equity Partners to acquire Johns Lyng Group in $1.1 billion takeover
MELBOURNE: Building services firm Johns Lyng Group Limited (ASX: JLG) announced Friday it has entered into a binding agreement to be acquired by funds managed by Pacific Equity Partners (PEP) in a deal valuing JLG’s equity at approximately $1.1 billion. Under the Scheme Implementation Deed, Sherwood BidCo Pty Ltd — a PEP-controlled entity — will…
Boyd Gaming to sell FanDuel stake to Flutter for $1.76 billion
Boyd Gaming Corp. will sell its 5% equity stake in FanDuel Group to Flutter Entertainment in a deal valued at approximately $1.76 billion, the companies announced Thursday. The transaction, expected to close in the third quarter of 2025, would give Flutter full ownership of FanDuel, a U.S. sports betting giant, at an implied valuation of…
Metir narrows CY24 loss to £1.81 million amid strategic overhaul
LONDON: Metir plc (AIM: MET), a global provider of mobile and point-of-use water and environmental testing technologies, reported a 53% year-over-year decline in revenue to £0.23 million for the year ended December 31, 2024, as the company implemented a transformative reset that included restructuring, product integration, and acquisition activity. Operating loss narrowed to £1.81 million…
Stocks rally to fresh highs as Nvidia tops $4T, Bitcoin breaks records
Dow Jones climbs 0.6% in Wall Street rally and Bitcoin smashes past $113K U.S. stocks climbed to fresh record highs Thursday, boosted by gains in Nvidia and a new peak for Bitcoin, as investors shrugged off escalating trade rhetoric from President Donald Trump. The Dow Jones Industrial Average rose 0.6%, while the S&P 500 added…
Airalo secures $220 million investment, becomes first eSIM unicorn
Airalo, the world’s largest travel eSIM provider, has announced a $220 million investment led by global private equity giant CVC, pushing its valuation past $1 billion and earning unicorn status. With this funding round—including $185 million from CVC Asia Fund VI and support from Peak XV and Antler Elevate—Airalo is charging ahead with major upgrades…
Simply Good Foods reports Q3 results, updates FY25 outlook following OWYN integration
DENVER: The Simply Good Foods Company (Nasdaq: SMPL) on Thursday reported a 13.8% year-over-year increase in net sales for its fiscal third quarter, driven by strong contributions from its OWYN acquisition and continued momentum for Quest-branded products. The company also narrowed its full-year financial outlook following a solid year-to-date performance. For the thirteen weeks ended…